URA closes Kanyamunyu's firm over debt

KAMPALA - Uganda Revenue Authority has closed Quatum Logistics  Express owned by Mathew Kanyamunyu (pictured) who is currently in jail over murder charges.

The closure of the company is for failure to clear a debt of sh13m accrued from Value Added Tax (VAT).
 
In November 2016, URA signed a memorandum of understanding with the director of Quatum Kanyumunyu to clear a debt of sh25m shillings which had accumulated over a period of two years.
 
But the company, located on second street Industrial Area, paid only sh12m and reportedly issued two cheques that bounced.
 
URA's head of the Debt Collection Department, Stanley Karyemera, said directors of the company have been given 14 days to clear the debt before the  company is handed over to the auctioneers to sell it off in order to recover the balance of sh13m.